2-bed · 1,870 sqftMarina Residences 5, Palm Jumeirah · 5th floor · completed 2009

501, Marina Residences 5

Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 3 August 2023
Last soldAED 2.78M3 August 2023
Current rentAED 95K /yr25 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 501, Marina Residences 5

What is 501 worth today?

Last sold for AED 2,775,000 in 2023

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3 Aug 2023SoldReady
AED 2,775,000AED 1,483 per sqft
25 Oct 2020RentedNew contract
AED 95,000/yr12 months · AED 51 per sqft
1 Jun 2017RentedRenewal
AED 140,000/yr12 months · AED 75 per sqft
1 Jun 2016RentedNew contract
AED 140,000/yr12 months · AED 75 per sqft
22 Apr 2015RentedNew contract
AED 140,000/yr12 months · AED 75 per sqft
1 Feb 2014RentedNew contract
AED 140,000/yr12 months · AED 75 per sqft
22 Nov 2010Sold by developerReady
AED 2,494,000AED 1,333 per sqft

Source: Dubai Land Department. Updated 3 August 2023.

Key facts

Type
2-bed apartment
Size
1,870 sqft
Floor
5th of 14
Parking
5-B36
Developer
The Palm - Jumeirah Co
Completed
2009
Service charge
AED 31,200 /yr
Last sold
AED 2.78M · August 2023

About 501, Marina Residences 5

501 is a two-bedroom apartment of 1,870 sqft on the 5th floor of Marina Residences 5, a 14-storey tower in Palm Jumeirah completed in 2009 by The Palm - Jumeirah Co. It last sold on 3 August 2023 for AED 2,775,000, or AED 1,483 per sqft, in line with the AED 1,478 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 25 October 2020, is AED 95,000 a year: a gross yield of 3.4% on the 2023 price, before the service charge of about AED 31,200 a year.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical two-bed in Marina Residences 5
2M4M2010201520202025Typical sale price by year: 2010 AED 2,729,600; 2011 AED 2,580,700; 2012 AED 2,557,050; 2013 AED 2,544,200; 2014 AED 2,950,000; 2015 AED 2,787,500; 2016 AED 2,695,500; 2017 AED 2,547,400; 2018 AED 2,300,000; 2019 AED 1,660,000; 2020 AED 1,600,000; 2021 AED 1,700,000; 2022 AED 2,600,000; 2023 AED 3,110,000; 2024 AED 3,635,000; 2025 AED 3,978,188; 2026 AED 4,450,000Sold by developer, November 2010: AED 2,494,000 (AED 1,333 per sqft)Sold, August 2023: AED 2,775,000 (AED 1,483 per sqft)

501 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 501, each contractTypical two-bed in Marina Residences 5
100K150K200K2012201620202024Typical rent by year: 2012 AED 138,500; 2013 AED 145,000; 2014 AED 160,000; 2015 AED 170,000; 2016 AED 170,000; 2017 AED 160,000; 2018 AED 145,000; 2019 AED 132,750; 2020 AED 115,000; 2021 AED 120,000; 2022 AED 139,440; 2023 AED 165,000; 2024 AED 185,000; 2025 AED 192,477; 2026 AED 200,000New contract, February 2014: AED 140,000 a yearNew contract, April 2015: AED 140,000 a yearNew contract, June 2016: AED 140,000 a yearRenewal, June 2017: AED 140,000 a yearNew contract, October 2020: AED 95,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Marina Residences 5, and where 501 sits

All 106 2-beds →

501 last sold in August 2023 at AED 1,483 per sqft, in line with what two-beds in Marina Residences 5 were fetching at the time (AED 1,478). Over the last 12 months two-beds sold for AED 3,850,000 to 5,100,000, around AED 2,278 per sqft, and rent for AED 150,000 to 300,000 a year. 501's AED 95,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Oct 20265,100,000
2 Oct 20264,450,000
28 Jul 20263,850,000
5 Jun 20264,900,000
7 2-bed sales in the last 12 months

Marina Residences 5

Building

162 apartments, 2-bed to 5-bed over 14 floors in Palm Jumeirah, completed in 2009 by The Palm - Jumeirah Co. 10 sold in the last 12 months.

Typical price per sqft
AED 2,433 Up 9.7%
Typical sale
AED 4.78M
Typical rent
AED 209K /yr
Typical yield
4.3%
Marina Residences 5, Palm Jumeirah: prices, sales and rents →

Other units on the 5th floor

All 162 units in Marina Residences 5
Value
5022-bedAED 3.85M · Jul 2026
5032-bedAED 1.4M · Mar 2010
5042-bedAED 2.7M · Jun 2017
5053-bedAED 2.53M · Apr 2020
5063-bedAED 6.07M · Nov 2010
5073-bedAED 4.38M · Jul 2023
5082-bedAED 2.81M · Jun 2016
1–7 of 10

501, Marina Residences 5 in numbers

  • Sold twice: first on 22 November 2010 for AED 2,494,000, last on 3 August 2023 for AED 2,775,000 (AED 1,483 per sqft).
  • Rented since February 2014 on 5 Ejari contracts, from AED 140,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2023 price is 3.4%, before a service charge of about AED 31,200 a year (AED 16.67 per sqft).
  • Two-beds in Marina Residences 5 sold for AED 3,850,000–5,100,000 in the 12 months to November 2026; the building's median across all types is AED 2,433 per sqft.

Source: Dubai Land Department. Updated 3 August 2023.

Questions about 501, Marina Residences 5

What did unit 501 last sell for?

AED 2,775,000 on 3 August 2023: AED 1,483 per sqft for 1,870 sqft. The unit has 2 registered sales; the first was AED 2,494,000 in November 2010.

What is the rent for unit 501?

AED 95,000 a year on the contract signed on 25 October 2020. The previous contract, from June 2017, was AED 140,000; the unit has been rented since February 2014.

How big is unit 501?

1,870 sqft (173.7 sqm): a two-bedroom apartment on the 5th floor of a 14-storey tower completed in 2009.

What is unit 501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Marina Residences 5 sold for AED 3,850,000 to 5,100,000 in the last 12 months, around AED 2,278 per sqft.

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Mortgage on 501, Marina Residences 5

Starts from the last sale price (AED 2.78M, 3 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,775,000
Deposit, UAE resident (20%)
AED 555,000
Deposit, non-resident (40%)
AED 1,110,000
Monthly over 25 years at 3.7%
AED 11,353

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →